Lightspeed Commerce Correlations
| LSPD Stock | CAD 18.31 0.23 1.27% |
The correlation of Lightspeed Commerce is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lightspeed Commerce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lightspeed Commerce moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Lightspeed Commerce and NYA is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lightspeed Commerce and NYA in the same portfolio, assuming nothing else is changed.
Lightspeed |
The ability to find closely correlated positions to Lightspeed Commerce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lightspeed Commerce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lightspeed Commerce - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lightspeed Commerce to buy it.
Moving against Lightspeed Stock
Related Correlations Analysis
| -0.48 | 0.41 | -0.2 | -0.12 | SHOP | ||
| -0.48 | -0.65 | 0.21 | -0.22 | NVEI | ||
| 0.41 | -0.65 | -0.22 | 0.54 | WELL | ||
| -0.2 | 0.21 | -0.22 | -0.17 | BB | ||
| -0.12 | -0.22 | 0.54 | -0.17 | DCBO | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lightspeed Stock performing well and Lightspeed Commerce Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lightspeed Commerce's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHOP | 1.93 | (0.30) | 0.00 | (0.07) | 0.00 | 4.28 | 21.22 | |||
| NVEI | 2.31 | 0.47 | 0.16 | 0.63 | 2.23 | 4.37 | 33.99 | |||
| WELL | 1.78 | (0.10) | (0.02) | 0.02 | 2.25 | 3.49 | 21.53 | |||
| BB | 2.50 | (0.09) | (0.02) | 0.01 | 3.35 | 5.34 | 20.97 | |||
| DCBO | 1.59 | (0.05) | (0.01) | 0.04 | 1.76 | 2.94 | 20.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lightspeed Commerce without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Lightspeed Commerce Corporate Management
Elected by the shareholders, the Lightspeed Commerce's board of directors comprises two types of representatives: Lightspeed Commerce inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lightspeed. The board's role is to monitor Lightspeed Commerce's management team and ensure that shareholders' interests are well served. Lightspeed Commerce's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lightspeed Commerce's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Merline Saintil | Director | Profile | |
| John Shapiro | Chief Officer, | Profile | |
| JeanPaul Chauvet | CEO Director | Profile | |
| Jean Chauvet | President Director | Profile | |
| Daniel Micak | General Counsel, Corporate Secretary | Profile | |
| JeanDavid SaintMartin | President | Profile | |
| Adrian Valeriano | Senior Vice President and Managing Director of EMEA | Profile |
Already Invested in Lightspeed Commerce?
The danger of trading Lightspeed Commerce is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lightspeed Commerce is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lightspeed Commerce. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lightspeed Commerce is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Lightspeed Commerce is a strong investment it is important to analyze Lightspeed Commerce's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lightspeed Commerce's future performance. For an informed investment choice regarding Lightspeed Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lightspeed Commerce. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Lightspeed Stock, please use our How to Invest in Lightspeed Commerce guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Lightspeed Stock analysis
When running Lightspeed Commerce's price analysis, check to measure Lightspeed Commerce's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lightspeed Commerce is operating at the current time. Most of Lightspeed Commerce's value examination focuses on studying past and present price action to predict the probability of Lightspeed Commerce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lightspeed Commerce's price. Additionally, you may evaluate how the addition of Lightspeed Commerce to your portfolios can decrease your overall portfolio volatility.
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